US stock futures fell on Tuesday as a selloff in mega-cap tech stocks spread to AI-related Asian equities. Japanese and South Korean markets declined sharply, with the KOSPI closing down nearly 10% and the Nikkei 225 dropping 3.55%. Research firm Citrini had forecast a significant correction in US stocks, and the current cautious sentiment reflects that view. SpaceX fell over 16% in a single day after hitting a new high, dropping below its IPO price of $150, and may face further pressure until Elon Musk delivers more progress, though potential index inclusion and limited unlock events could support a rebound.
Jian Shi Cortesi, fund manager at Gam Investment Management, noted that many investors holding AI stocks have substantial gains, and any volatility could prompt profit-taking. Morgan Stanley's Chief Investment Officer Mike Wilson identified liquidity—not rate hikes—as the primary risk for US equities, with reserve management programs down 75% from peak and Treasury buybacks reduced 50%. He expects a volatile July with possible corrections, delaying the next leg of the earnings-driven bull market until liquidity headwinds ease.
Public Company Bitcoin Holdings Update
According to SoSoValue, as of 8:00 AM ET on June 22, 2026, global listed companies (excluding miners) purchased a net total of $86.03 million in Bitcoin last week, down 13.97% from the prior week. Strategy (formerly MicroStrategy) bought 520 BTC at $67,068 each, bringing its total holdings to 847,363 BTC. Japan's Metaplanet did not buy for the ninth consecutive week. Other purchases: DayDayCook spent $7.43 million on 95 BTC (price undisclosed), total 2,899 BTC; Brazil's OrangeBTC invested $1.15 million for 18 BTC at $64,121, total 3,822 BTC; asset manager Strive spent $49.98 million from June 15–21 to acquire 759 BTC at $65,850, total 19,864 BTC. As of writing, global listed companies hold a combined 1,142,276 BTC, up 1.87% week-over-week, with a market value of approximately $74.17 billion, representing 5.7% of BTC's circulating supply.
BitMine and Ethereum Corporate Holdings
As of June 21, 2026, BitMine's total holdings of crypto assets, cash, marketable securities, and "Moonshots" investments reached $10.7 billion. Its crypto holdings include 5,672,956 ETH and 205 BTC. BitMine has staked 4,718,677 ETH, making it the largest corporate ETH treasury globally, accounting for 4.7% of total ETH supply. Over the past week, BitMine purchased 52,203 ETH worth $92 million. Mara Holdings added 1,000 BTC, bringing its total to 36,303 BTC. Shareholders of Capital B approved over $120 billion in financing (approximately $5.76 billion in new equity and up to $115.2 billion in credit instruments) to expand Bitcoin reserves—enough to support buying over 1.87 million BTC at current prices. BitFuFu's board authorized a $5 million share buyback program over two years. Sharplink raised approximately $75 million via a private placement to increase ETH reserves and repurchase shares; as of June 16, it held 875,776 ETH.
Solana Corporate Treasuries and Lawsuit
Several listed companies have added Solana to their balance sheets. The top five Solana corporate treasuries hold over 15.7 million SOL: Forward Industries holds 7,044,079 SOL (all staked, Q4 staking income ~$4.6 million); Upexi holds 2,361,931 SOL; DeFi Development Corp holds 2,294,576 SOL (set up a $5 billion equity line in June 2026 for Solana purchases); Solana Company (renamed from Helius Technologies) holds 2,071,127 SOL; SkyAI (renamed from Sharps Technology) holds approximately 2,000,000 SOL. Solmate Infrastructure (SLMT), a Solana treasury company, faces a lawsuit from its largest external shareholder RBCH in the New York State Supreme Court, alleging breach of fiduciary duty, misleading statements, and self-dealing. RBCH, associated with RockawayX founder Viktor Fischer, holds about 22.74% of Solmate's parent company Brera Holdings. The lawsuit claims the board sold shares while other investors were locked, signed consulting agreements favoring related parties, and that directors bought about 2.298 million Class B shares at $4.97 each, diluting shareholders by ~20%. Fischer stated Solmate is severely underperforming, trading at a ~50% discount to net asset value due to mismanagement and self-dealing. Solmate holds about 2 million SOL; its stock is down ~78% year-to-date, while SOL fell ~50% over the same period.
Other Corporate News
Nasdaq-listed Canton Coin treasury company Canton Strategic announced a $50 million share buyback program, to be executed through open market purchases depending on market conditions. Lite Strategy, a Nasdaq-listed Litecoin treasury company, led a $1 million strategic investment in LitVM, gaining governance participation rights and potential token allocation. LitVM is a zero-knowledge Layer 2 scaling network built on Litecoin, aiming to introduce smart contract capabilities after mainnet launch.
